Address
50 RIDOUT Street S London, ON
Price
$ 11,650,000
Property Attributes
  • ID#40239157
  • TypeCondos
  • CityLondon
  • AreaLondon and St Thomas
  • NeighbourhoodSouth London
  • Postal CodeN6C 3W6
  • Style
  • Price$ 11,650,000
  • Bedrooms36
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage26000
Listing Provided Courtesy Of:
Michael Van Houdt with Thrive Realty Group Inc.
Data Source:
RLP - CREA EN
Property Description

Once in a generation property A+ Asset for sale. This triple Brick 36 unit building (12 x 1+Den and 24 X 1 Bed) has Terazzo Floors, New roofs on all 3 buildings plus garage while backing onto the Thames river. Building lot line goes right to the river and comes with 4 full detached garages. A block from Wortley Village, 2 blocks from Downtown with bus stop outside. Building has always been fully tenanted and has a wait list. 52% of the building has been turned over with single professionals to market rents over the last 7 years. Building Nets 340k Annually with potential of well over 500k with Airbnb. Den size in 1+Dens are 7 X 6. Owner will carry a 10% vtb if required.

General Features

Acres 0.50-1.99
Beds 36
Parking Spaces 28

Interior Features

Bedrooms 36

Exterior Features

Lot Frontage 84.00
Jumpid 17366739
Mls 40239157

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Condos Average in N6C 3W6

Price
AVG $11.65M
$11.65M
Visits
AVG 131
131
Year Built
AVG 1940
1940
Walkscore
AVG 55
55
Data Provided by Walkscore ® not using MLS data

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